eBay

corphish96 · ‎01-02-2018

Ok so I know it's possible to end an auction early and sell the item to whoever has the highest bid.

What I want to know is, does this sell the item for the highest price the buyer is willing to pay (i.e. the amount they entered in the box), or for the amount eBay bids for them automatically (the "current bid" value on the item page)?

The reason I'm asking is because I have an auction with almost a week left, but a user messaged me offering a good price right off the bat. I know this could have been handled with an additional "Buy it now" option, but for some stupid reason eBay didn't list the item with this option (even though I set it prior to listing, and the setting even shows up when I try revising the listing). And of course, it won't let me revise it now. So I guess what I really want to know is what I should do in this situation. I like the price this potential buyer is offering, but I'm not sure how to go about doing this.

Thanks in advance!

a_c_green · ‎01-02-2018

If that interested party is offering you that money now, imagine what it may sell for if you let the auction run to its conclusion. They're clearly worried that bidding is going to go higher than what they want to pay, or else they could just bid that amount and wait to win it, right?

If you ended the auction now, it would go to the lead bidder at the current price. A BuyItNow price cannot be added once bids have been received.

emerald40 · ‎01-02-2018

Personally I would let the auction be.

You will most likely end up with much more money and also ending it early tends to irritate potential buyers.

lex-talon · ‎01-02-2018

@corphish96 wrote:
Ok so I know it's possible to end an auction early and sell the item to whoever has the highest bid.
What I want to know is, does this sell the item for the highest price the buyer is willing to pay (i.e. the amount they entered in the box), or for the amount eBay bids for them automatically (the "current bid" value on the item page)?

The reason I'm asking is because I have an auction with almost a week left, but a user messaged me offering a good price right off the bat. I know this could have been handled with an additional "Buy it now" option, but for some stupid reason eBay didn't list the item with this option (even though I set it prior to listing, and the setting even shows up when I try revising the listing). And of course, it won't let me revise it now. So I guess what I really want to know is what I should do in this situation. I like the price this potential buyer is offering, but I'm not sure how to go about doing this.

Thanks in advance!

It would all depend on what price that buyer is willing to pay for your BIN price. I would decline the buyers offer and let the auction run it's conclusion.

partial*eclipse · ‎01-02-2018

@corphish96 wrote:
Ok so I know it's possible to end an auction early and sell the item to whoever has the highest bid.... does this sell the item for the highest price the buyer is willing to pay (i.e. the amount they entered in the box), or for the amount eBay bids for them automatically (the "current bid" value on the item page)?...

If you end an auction early to sell to the current high bidder, then the auction ends with a selling price that is whatever was the high bid showing when you ended it. Nothing to do with the high bidder's hidden proxy bid, nor with any other negotiations you might have with them.

@corphish96 wrote:
... . I know this could have been handled with an additional "Buy it now" option, but for some stupid reason eBay didn't list the item with this option (even though I set it prior to listing, and the setting even shows up when I try revising the listing). ...

The "Buy it now" option disappears when the first bid is placed, except in 4 categories where it remains available until the bidding reaches 50% of the BIN price. After the BIN option is gone, the auction proceeds as if it had never been there at all.

http://pages.ebay.com/help/buy/questions/buy-it-now.html

sd-brightis · ‎04-08-2019

In reply to emerald40 "You will most likely end up with much more ....."

Disagree.. had a buyer didn't want to wait a whole week for an item to end. SAW he retract bid to probably buy it now elsewhere. THIS CAUSES UNFAIRNESS. Thus, I will end listing early to sell to highest, THIS IS A REASON WHY YOU'D WANT END CERTAIN AUCTIONS EARLY. Cause ebays dum new never ending Good til cancelled for fixed listings, have to switch to auctions.

PS I am getting fed up with all with new changes (this time I can say they actually nor benefit the buyer or seller). So also looking for some alternative platforms as well.

Later.

sneakers023 · ‎04-08-2019

As long as you have no one bidding on your items you can take it down without being charged but if you have a bid or bidders on your item you will be charged $2.00 for canceling the bid. If you relist the item you may be charged a relist fee or about .35 cents. That will be a $2.35 for early cancelation and relisting. So if you do have a bidder prior to canceling the auction let the buyer that wants you to take it down that you will be assessed these charges and let that buyer know that you will pass the expense to him or her.

nobody*s_perfect · ‎04-08-2019

@sneakers023 wrote: ... if you have a bid or bidders on your item you will be charged $2.00 for canceling the bid. ....

When a seller ends an auction early and cancels the bid(s) without selling to the current high bidder, the penalty fee is equal to what the final value fee would have been if he sold to the current high bidder. That's would be $2 only if the high bid showing was $20.

Anyway, the OP has probably resolved this by now, since he posted in January 2018. Apparently @sd-brightis dug this up so they could complain about their bidder who retracted.